Buffalo Coal (TSXV:BUF) Inventory Turnover : 2.54 (As of Sep. 2022)

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What is Buffalo Coal Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Buffalo Coal's Cost of Goods Sold for the three months ended in Sep. 2022 was C$12.08 Mil. Buffalo Coal's Average Total Inventories for the quarter that ended in Sep. 2022 was C$4.75 Mil. Buffalo Coal's Inventory Turnover for the quarter that ended in Sep. 2022 was 2.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Buffalo Coal's Days Inventory for the three months ended in Sep. 2022 was 35.88.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Buffalo Coal's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.32.

Buffalo Coal Inventory Turnover Historical Data

The historical data trend for Buffalo Coal's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Buffalo Coal Inventory Turnover Chart

Buffalo Coal Annual Data

Trend

Feb12

Feb13

Feb14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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17.46

13.76

6.39

4.15

6.87

Buffalo Coal Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															2.74	2.73	3.00	2.08	2.54

Buffalo Coal Inventory Turnover Calculation

Buffalo Coal's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	25.427	/ (	(5.448	+	1.949)	/	2 )
=	25.427	/	3.6985
=	6.87

Buffalo Coal's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	12.083	/ (	(3.087	+	6.414)	/	2 )
=	12.083	/	4.7505
=	2.54

Buffalo Coal (TSXV:BUF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Buffalo Coal's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	4.7505	/	12.083	*	365 / 4
	=	35.88

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Buffalo Coal's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	4.7505	/	14.85
	=	0.32

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Buffalo Coal Inventory Turnover Related Terms

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Buffalo Coal (TSXV:BUF) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Buffalo Coal Corp (TSXV:BUF) » Definitions » Inventory Turnover

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Address

Greytown Road, Industrial area, KwaZulu Natal, Dundee, ZAF, 3000

Website

http://www.buffalocoal.co.za

Buffalo Coal Corp is a Canadian based company, that operates as a producer of thermal and metallurgical coal. The business activity of the company includes the supply of thermal coal, anthracite and calcine into both Canadian and international markets. The company holds an interest in two operating mines which are Magdalena bituminous mine and Aviemore anthracite mine.

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